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Actively managed bank loan funds see sizable $325 million Thursday outflows
By Paul A. Harris
Portland, Ore., Feb. 25 – Actively managed bank loan funds saw $325 million of outflows on Thursday, according to a market source.
Those outflows were concentrated, the source said, adding that the majority of actively managed bank loan funds actually saw inflows on the day.
Bank loan ETFs saw modestly positive cash flows on Thursday, posting $5 million of inflows on the day.
News of Thursday's daily flows follows a Thursday afternoon report that the combined bank loan funds saw $913 million of net inflows in the week of the Wednesday, Feb. 23 close, the source said.
That was the lightest weekly inflow for the loan funds in seven weeks, a period during which they saw their biggest-ever weekly inflow of $2.29 billion, for the week that ended on Feb. 9.
The past seven weekly net inflows to the combined loan funds total $12.4 billion, according to the market source who added that year to date the bank loan funds have seen $15.1 billion of net inflows.
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